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wpatron44 | Is it a good investment to buy Iraqi Dinahr? |
Will this money sky rocket later on when the government gets on track or will this money just become toilet paper and new money come into play? I know it's a long term investment but is it worth trying? |
 |
 
cordefr
|
You should ask yourself two questions:
- Is it a good investment to buy Iraqi Dinahr?
- Can't I find another, *better* investment elsewhere?
I think the first is no and the second is yes, for obvious reasons. |
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Karl
 |
I wouldn't invest in it. for one thing, you would have to hold it for many years most likely. And the way things are in Iraq, it is not a given that the government is going to survive.
If the country gets into a civil war, the money most likely is going to take a severe beating on the international markets.
If your young, and willing to take a big risk. Go ahead and put some of your money into Iraqi money. That's when to take risk in investing, when you are young.
But don't invest more than 5% to 10% of your portfolio |
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Jennifer J
|
Dirty Harry has the answer, truly: "You gotta ask yourself...do you feel lucky today, punk?" |
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jaimestar64cross
|
no |
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EvilSandia
|
I doubt it. I might make for good kindling though. |
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yakooo
|
not this time. After things getting down there, some changes will happened financially. Even Iraqi people are buy USD/EURO only. |
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hassanaat_ashraf
|
its not good investment currently in dinahr as the country conditions are not stable and peaciful. one of the major principle of investment is to view critically the economy and law and order situation prevailing there. |
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Bumblemee
|
If you have a tolerance for high risk and are willing to go for it, then do it. In all honesty, no-one can tell you the answer to this, it depends on your risk profile. |
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wisland2020
 |
Yeah, if you're a draft-age male. Chances are you might get a chance to use them in person in the next few years. |
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katdushosler
 |
This is a situation where it could be a good thing to invest in. Pre war dinar was at 3 dollars equaled one dinar. Right now it is around 2500 dinar to one dollar. I think if you buy some you really have nothing to lose and if it does come back up just even to around 1000 to 1 you still made out in the deal. |
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Ms. Fatima
|
Are you willing to take a risk? If you have an extra $200-$1000 bucks to spend, why not take a risk. Just imagine spending $1000 today, and 10 years from now, it could be worth $100,000. Some investors even believe the Iraq Dinar could produce a return in the millions. But its important to consider the facts to determine if an investment is viable or not.
Iraq currently has the largest natural gas reserves in the world. It has the 2nd largest oil reserves after Saudi Arabia. It has gold depositories, agriculture and one of the most educated peoples of the Middle East. It has also caught the eyes of investors in the United States, the UK, Germany, France and Japan. I would say that Iraq's future is bright despite its current circumstances.
I personally believe that the value of Iraq's currency is directly proportional to the state of Iraq's economy. Right now Iraq’s economy has been decimated by war. So it makes sense that the value of Iraq’s currency is nearly nothing. But if Iraq's economy begins to flourish after the war is done, it is safe to assume that the value of Iraq's currency will also increase. Keep in mind too that at one time it took 3 US dollars to buy just 1 Iraqi Dinar. So imagine if you bought 1 million Iraqi Dinar today for $1000 and 10 years from now, it became worth 3 million US dollars! That’s a phenomenal return, too good to be true. I personally have doubts that the value of the Iraqi currency will reach that high. But I am willing to take the risk that Iraq’s currency will regain a significant enough value to produce a humble return.
Check out www.AboutDinar.com for more information. It’s a nice forum with lots of helpful information. Or check out www.TheDinarGroup.com if you're looking for research tools and statistics. |
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